Thursday, September 03, 2020
By Manoj Kumawat
Tata Nexon EV Dominates The EV Segment In Indian Car Market
With electric vehicles being adopted happily by the masses in most of the countries across the world, their acceptance in the Indian car market is still at a nascent stage. However, to make their reach among the Indian buyer's different types of policies and strategies are being implemented by the Indian government according to Indian infrastructure. It is believed that the impacts of these policies and strategies will be seen in the coming years. Yet, interestingly, the best-selling electric vehicle has succeeded in touching the mark of three-figure.
According to recent industry reports the Tata Nexon EV has emerged as one of the best-selling and affordable EVs in the Indian car market. It is reported that the sub-compact EV Nexon from domestic carmaker Tata Motors managed to sell 296 units during August 2020, followed by 188 and 286 units sold during June and July 2020 respectively. With these sales figures, the Nexon has dominates the segment by capturing 60% of the market share.
The other sub-compact SUVs MGZS EV and Hyundai Kona EV do not stand close to the Nexon. Where MG sold out 119 units of ZS EV in August, which is even lesser than the half of the Nexon EVs sales. During June and July, this year 145 and 85 units of ZS EV were sold respectively in the Indian car market. Surprisingly, the condition of Hyundai Kona is extremely poor and only 16, 25, and 26 of its units were sold during June, July, and August 2020.
The other two electric vehicles Tata Tigor EV and Mahindra e-Verito are also reported to not enjoy the expected success. Where only 9 units of the compact sedan Tigor EV were sold in the market and e-Verito was found struggling for making its recognition. Well, whatever the fact is, the existing sales figures of electric vehicles in India maybe not very encouraging, which is mainly because at present these vehicles are being sold only in a few of the cities, and also there is a lack of infrastructure facilities required for the electric vehicles, especially the charging stations. It is believed that with the establishment of charging stations and implementation of the new policies for the use of electric vehicles, it is speculated that the cost of manufacturing these vehicles will reduce and they will be more cost-effective.